Economic value = supply / demand.
Do you value air?
It's worthless. I wouldn't buy a litre of air for even a penny. But put me at the bottom of the sea, out of oxygen (i.e. no supply), and I'd give you everything I have for it.
Economic value = supply / demand.
Do you value air?
It's worthless. I wouldn't buy a litre of air for even a penny. But put me at the bottom of the sea, out of oxygen (i.e. no supply), and I'd give you everything I have for it.